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2265 Leith Court Indianapolis, IN 46214

3 Beds 2 Baths 1,857 sqft Built 1999

$202,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $108.78
  • 5 Days on Market
  • MLS # : 21769326
  • Updated Date : 03/06/2021 at 08:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,857 sqft
  • Baths : 2 full
Listing Agent

Indy's Property Shop, Llc

Listing Agent's Description

Spacious 3 bedroom 2 full bath with a loft won't last long. Family room has laminate flooring with a wood burning fireplace for your enjoyment. Kitchen features stainless steel appliances , ample counter space and eat in area. Mater bedroom suite with walk in closet and spacious bathroom accommodations. Back yard is great for entertaining. Home is being sold "As Is", selller is not interested in making repairs. Seller will provide $550 toward Home Warranty of buyers choice.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Key Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k105k110k115k120k125k130k135k140k145k150k155k160k165kPrice in $99k168k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Key Meadows

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q29501000105011001150120012501300Rent in $9211346

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Chapel Hill 7th And 8th Grade Center Middle Regular 1,105 78 4
Ben Davis University High School High Regular 358 18 4
Ben Davis Ninth Grade Center High Regular 1,154 82 NA

Chapel Hill 7th And 8th Grade Center

  • Education Level: Middle
  • # of students: 1,105
  • # of teachers: 78
4
GreatSchools Rating

Ben Davis University High School

  • Education Level: High
  • # of students: 358
  • # of teachers: 18
4
GreatSchools Rating

Ben Davis Ninth Grade Center

  • Education Level: High
  • # of students: 1,154
  • # of teachers: 82
NA
GreatSchools Rating
 

$181,800$222,200$202,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$702
Property Tax -$376
Property Insurance -$63
HOA -$45
Property Management Fees -$125
CASH FLOW
$79

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$202,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.92%
Appreciation Year (1-5) 3.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.73%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$59,280

INVESTMENT

$59,280

Down Payment
$50,500
Rehab Estimate
$5,750
Closing Costs
$3,030

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$702

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,500
Loan Amount $151,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$8,361

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,390

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,407

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,245
1$1,2452$1,2503$1,2504$1,3905$1,435
$1,435
RENT COMPS ANALYSIS
  • 2265 Leith Court Indianapolis, IN 4
    • 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.75
    •  
  • 1736 Shorter Court Indianapolis, IN 1
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1987
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.81
    •  
  • 2227 Historic Oaks Boulevard Indianapolis, IN 2
    • 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1998
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.81
    •  
  • 8555 Brookhill Court Indianapolis, IN 3
    • 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 1994
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.71
    •  
  • 8303 Country Charm Drive Indianapolis, IN 5
    • 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 1997
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.70
    •  
PROPERTY LISTING DETAILS
Jennifer Shackelford-harris
Indy's Property Shop, Llc
1.866.250.5610
Metropolitan Indianapolis Board of REALTORS ( mibor)
MLS #: 21769326
Last Updated: 03/06/2021
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